RIYADH (BLOOMBERG, REUTERS) – Saudi Aramco has posted the biggest quarterly adjusted profit of any listed company globally, driven by high crude prices and production. Aramco followed big oil rivals reporting a surge in profits. Net income rose to 181.64 billion riyals (S$66.3 billion) in the second quarter, up from 95.47 billion riyals a year earlier, […]
SINGAPORE (BLOOMBERG) – With a tantalising array of satay chicken, wok-fried mud crab and chilled tiger prawns, the dinner buffet at Singapore’s Grand Hyatt hotel typically sets diners back about US$70 (S$96). But those on a tighter budget and with an eye on sustainability can fill a box for a 10th of that price. Across […]
SINGAPORE (THE BUSINESS TIMES) – Property and hospitality group UOL Group on Friday (Aug 12) posted earnings of $371 million for the first half-year ended June, up 306 per cent from $91.3 million in the year-ago period. The increase was spearheaded by fair-value gains of $190 million in the first half, compared with fair-value losses […]
SINGAPORE (THE BUSINESS TIMES) – Casino and resort operator Genting Singapore reported a 4.3 per cent fall in net profit for the first half of the financial year from the year-ago period, the company said in a filing on Friday (Aug 12). Net profit for the six months ended June 30 came to $84.4 million, […]
Katherine Sofoluke holding her dog George in her garden in Beckenham, Greater London, Aug 13, 2019. (NATASHA LIVINGSTONE / AP) LONDON – Stood on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis pushes growing numbers of […]
In this file photo taken on Aug 7, 2022, a man takes a picture as the Glory bulk carrier makes its way from the port in Odesa, Ukraine. According to Ukraine's Ministry of Infrastructure, the ship under the Marshall Islands' flag is carrying 66 thousand tons of Ukrainian corn. (NINA LYASHONOK / AP) ODESA, Ukraine […]
In this file photo taken on Feb 20, 2022 A general view of the Grand Ethiopian Renaissance Dam (GERD) in Guba, Ethiopia. (AMANUEL SILESHI / AFP) ADDIS ABABA – Ethiopia announced the successful completion of the third filling of its mega-dam on the Blue Nile. "It is with great pleasure, I announce the successful completion […]
This file photo taken on Aug 2, 2018 shows a German soldier from the parachutists detachment of the MINUSMA (United Nations Multidimensional Integrated Stabilization Mission in Mali) searching for IED (improvised explosive device) during a patrol on the route from Gao to Gossi, Mali. (SEYLLOU / AFP) DAKAR – Troop rotations by the UN peacekeeping […]
Recently elected MPs and governors from Azimio party, led by presidential candidate Raila Odinga, gather at their campaign headquarters in Nairobi, Kenya, Aug 13, 2022. (MOSA'AB ELSHAMY / AP) NAIROBI – Veteran opposition leader Raila Odinga led Kenya's presidential race, official election results showed on Saturday, pushing Deputy President William Ruto into second place. With […]
Hadi Matar, 24, center, listens to his public defense attorney Nathaniel Barone, left, addresses the judge while being arraigned in the Chautauqua County Courthouse in Mayville, NY, Aug 13, 2022. (GENE PUSKAR / AP) Acclaimed author Salman Rushdie remained hospitalized on Saturday with serious injuries a day after he was repeatedly stabbed at a public […]
Peruvian President Pedro Castillo delivers a speech during a meeting with members of the self-defense committees, the so called "peasant patrols" who act as law-and-order enforcers in parts of rural Peru, at the Government Palace in Lima on Aug 10, 2022. (ERNESTO BENAVIDES / AFP) LIMA – The governments of Mexico, Argentina, Ecuador and Bolivia […]
A pedestrian, wearing a mask with the italian flag on it, stands in a street of Rome on Dec 23, 2021. (FILIPPO MONTEFORTE / AFP) ROME – Italy is emerging as a hotspot in Europe for the new outbreak of the West Nile virus, as the death toll on Friday has reached 11 in the […]
A pharmacist administers a dose of Imvanex, a vaccine to protect against Monkeypox virus, at a pharmacy in Lille, northern France, on Aug 10, 2022. (FRANCOIS LO PRESTI / AFP) GENEVA – The World Health Organization has announced new names for variants of the monkeypox virus that are currently in circulation. This is to avoid […]
This photograph taken on July 31, 2022 shows a grain combine harvester collecting wheat near Novoazovsk, Ukraine. (PHOTO/AFP) KYIV – The first Africa-bound grain ship since the Russia-Ukraine conflict in February docked in Pivdennyi port on Friday, Ukraine's infrastructure minister said. ALSO READ: Refused by buyer, first Ukraine grain vessel docks in Türkiye "The cargo […]
Sierra Leone's President Julius Maada Bio arrives for an EU Africa summit at the European Council building in Brussels on Feb 17, 2022. (JOHN THYS / POOL PHOTO VIA AP) FREETOWN – Sierra Leone's president, Julius Maada Bio, said on Friday that this week's anti-government protests, which led to the deaths of six police officers […]
SINGAPORE – A few years ago, a friend shot me a dirty look when I went to get a plastic straw for my ice lemon tea. She knew I already had a metal straw but I had forgotten to bring it with me.
With rising inflation today reducing the real rate of return of bank savings, growing your retirement nest egg is a challenge, but there are still a number of investment vehicles that prospective retirees can consider Investing in today’s environment for tomorrow’s retirement is a challenge but it can be done: Taking on more risk for […]
Financial advisers recommend that CPF Life form the base for anyone embarking on retirement planning as payouts are for life. Building on that, relatively safer instruments like fixed deposits, Singapore Savings Bonds (SSBs) and annuities can supplement retirement income.
With inflation hitting record highs, coupled with ballooning expenses and sluggish income growth, consumers are caught in a bind, but all is not lost. We can focus on the things that are within our control to better manage our finances now that inflation has reared its ugly head.
(NYTIMES) – The young kings of Silicon Valley are dismounting their unicorns. They are writing sentimental blog posts that outline their legacies. They are expressing hope for their companies’ prospects. They are quitting their jobs leading the start-ups they founded.